One of the few remaining opportunities for passage of bipartisan legislation this Congress is legislation to improve America's competitiveness vis-à-vis China for semiconductor manufacturing and scientific research and development advances. Leaders in Congress must now reconcile the differences between the House-passed America Creating Opportunities to Meaningfully Promote Excellence in Technology, Education, and Science (COMPETES) Act and the Senate-passed U.S. Innovation and Competition Act (USICA). To more clearly see what provisions these bills have in common and how they differ, Akin Gump has produced side-by-sides for each of the bill's major titles. In today's alert, you can find new side-by-sides for:
- Energy & Commerce Committee Policy
- Oversight & Reform Committee Policy
- Homeland Security Committee Policy
- Financial Services Committee Policy
- Natural Resources Committee Policy
- Judiciary Committee Policy
- Education & Labor Committee Policy
- Transportation & Infrastructure Committee Policy.
We previously shared side-by-sides comparing provisions to:
- Fund domestic semiconductor chip manufacturing
- Dramatically increase scientific research and development funding
- Revive lapsed trade programs
- Re-orient the United States' international posture towards competition with China.
House and Senate leaders have not yet announced how they plan to resolve the substantive differences between their bills—whether through a formal or informal conference. As a result, the process of reaching agreement may play out over the course of the next few months.
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